New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Insurance is primarily a method of:

    A Avoiding risks altogether Correct Answer Incorrect Answer
    B Pooling and sharing losses among a group Correct Answer Incorrect Answer
    C Maximizing profit from uncertain events Correct Answer Incorrect Answer
    D Preventing unforeseen events Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is B

    Practice Next